TUC Brands Launches Capital Division Led by Stephan May
Aug 3, 2012, Ottawa, Ontario – TUC Brands, the parent company of national managed services provider (MSP) The Utility Company®, today announced the formation of a capital division to help fund its mergers and acquisition activity. The company also appointed Stephan May as Director of TUC Capital.
Prior to joining TUC Brands, Stephan worked at Walton Capital, one of North American’s leading real estate investment firms which raises $500M in capital annually. Previous to Walton, he held senior positions at AxesNetwork and Green Swan Capital.
Leveraging the success of its first raise, TUC I, which financed the acquisition of Nitro IT Business Solutions, the company has developed TUC II for accredited investors and TUC III for institutional investors, supported by senior debt financing.
“Stephan brings a wealth of experience and relationships to TUC. We are very pleased to have him onboard as TUC Capital is the catalyst in our role as MSP Aggregator going forward,” stated Mark Scott, CEO of TUC Brands. “The fact that the other two major aggregators, Mindshift and All Covered, have themselves been acquired over the past year speaks volumes about our market opportunity in the highly fragmented MSP space.”
TUC Brands is currently in the process of completing several acquisitions of regional MSPs in the $5M - $10M revenue range. For further information on TUC Capital please contact Stephan May at smay@tuccapital.com or by phone at 613-271-7686. MSPs interested in discussing strategic alternatives for their business can contact Jason Creally, VP of Business Development, at jcreally@tucbrands.com or by phone at 613-271-7673.
About TUC™ Brands
TUC Brands develops businesses and ideas in the managed IT services and cloud computing industry. Our Franchise 2.0 opportunity provides entrepreneurs and investors with a complete framework to build, buy and accelerate a managed IT services business. Our MSPXchange program provides managed service providers (MSP) with the ability to monetize their business through either a structured merger or acquisition strategy, leveraging our proven MSP business and technology platform. Learn more about joining our team today at www.tucbrands.com.
About TUC®
TUC® (The Utility Company®) is a leading provider of virtual IT service and support for small and medium-sized businesses, delivering the required hardware, software and service for a monthly fixed fee per user. Our Connected Office® service program provides a single point of contact to deliver and manage technology, communications and vertical line of business applications – 95% Remote; 100% Proactive. Customers are supported by local Utility Service Providers delivering on-site service and business-technology consulting to reduce spending and increase utilization – our Franchise 2.0 opportunity is available by prospectus only. Learn how to make technology work for your business today at www.theutilitycompany.com.
Contact:
TUC® / TUC™ Brands:
Aaron Bradley, Director of Marketing
613-271-7675 or abradley@theutilitycompany.com
